Здравствуйте. Вся информация этого сайта бесплатна. Вы можете сделать пожертвование и поддержать наше развитие. Спасибо.

Hello. All information of this site is free of charge. You can make a donation and support our development. Thank you.

2014-09-03 17:50:00

LARGEST MEXICAN DRILLER NEEDS MONEY

LARGEST MEXICAN DRILLER NEEDS MONEY

Grupo Diavaz -- a closely held company that works with Petroleos Mexicanos, Petroleo Brasileiro SA (PETR4) and China Petroleum & Chemical Corp. (386) in Mexican fields -- will hold talks with stock exchange officials in the coming weeks with a view of debuting in capital markets next year, Chairman Luis Vazquez Senties said in an interview.

"We're going to have to be prepared for a large increase in required financing," Vazquez, who founded the company with his brother, said Sept. 1 at his Mexico City offices. "The first possibility we are looking at is a public offering or a bond offering. We are analyzing which could be the better option to continue growth as the market opens."

As many as 12 energy companies are considering equity or debt sales as Mexico allows private competition in the industry for the first time in 76 years, Francisco Valle, director of promotion and issuers at exchange operator Bolsa Mexicana de Valores SAB, said Aug. 28. Mexico's last initial public offering was in June when Prologis Inc. raised $541 million.

Diavaz has met with Credit Suisse Group AG (CSGN), Goldman Sachs Group Inc. and Deustche Bank AG to discuss financing options, Vazquez said. The group also plans to hold discussions with Bolsa Chief Executive Officer Luis Tellez.

The government takeover of Oceanografia SA, the Ciudad del Carmen-based oil services provider that was accused of defrauding Citigroup Inc. for $400 million, has tarnished the oil services industry's reputation and temporarily hindered Diavaz's ability to obtain funding from banks, Vazquez said.

Exxon Mobil

The opening of Mexico's oil and natural gas industry has generated interest from 515 companies, Energy Minister Pedro Joaquin Coldwell said Aug. 22. The entrance of foreign producers probably will generate more than $50 billion in private investment by 2018, according to the Energy Ministry.

Diavaz, which offers oil services primarily to Pemex and gas production services to Brazil's state-run Petrobras in northern Mexico, has been in talks with Exxon Mobil Corp. (XOM) about potential partnerships in one or two of the 10 fields where Pemex is seeking so-called farm-outs or partners to increase production, Vazquez said.

"It caught our attention that Exxon Mobil would reach out to a company of our size," Vazquez said. "We met and they told us that they wanted to discuss areas where we could work together" tapping Diavaz's local knowledge, he said.

Diavaz produces about 14,000 barrels of oil a day at the Ebano field and plans to become an operator with exploration and production capabilities, Vazquez said.

bloomberg.com

Tags: MEXICO, OIL, DIAVAZ, PETROLEO, CHINA, EXXON,
LARGEST MEXICAN DRILLER NEEDS MONEY October, 19, 11:25:00

OIL PRICE: NOT ABOVE $80

LARGEST MEXICAN DRILLER NEEDS MONEY October, 19, 11:20:00

GAS FOR CHINA: THE BIGGEST

LARGEST MEXICAN DRILLER NEEDS MONEY October, 19, 11:15:00

RUSSIAN LNG FOR GERMANY

LARGEST MEXICAN DRILLER NEEDS MONEY October, 19, 11:10:00

RUSSIAN YAMAL LNG

LARGEST MEXICAN DRILLER NEEDS MONEY October, 19, 11:05:00

EXXON'S LNG FOR CHINA

LARGEST MEXICAN DRILLER NEEDS MONEY October, 19, 11:00:00

NORWAY'S GAS FOR BRITAIN

All Publications »

Chronicle:

LARGEST MEXICAN DRILLER NEEDS MONEY
2018, October, 19, 10:55:00

UZBEKISTAN'S NUCLEAR: $11 BLN

AZERNEWS - The estimated cost of construction of nuclear power plant of Russian design in Uzbekistan will be about $ 11 billion, the launch of the first power unit has been planned for 2028, the Aide to the President of the Russian Federation Yury Ushakov said.

LARGEST MEXICAN DRILLER NEEDS MONEY
2018, October, 19, 10:50:00

IRANIAN GAS: 1 BLN CMD

SHANA - Managing Director of the Iranian Gas Engineering and Development Company (IGEDC) Hassan Montazer Torbati said the supply of one billion cubic meters per day of natural gas by National Iranian Gas Company (NIGC) was one of the goals of the company by 2021.

LARGEST MEXICAN DRILLER NEEDS MONEY
2018, October, 19, 10:45:00

CHINA - BELGIUM NUCLEAR

WNN - China and Belgium have signed a framework agreement on cooperation in the peaceful use of nuclear energy. The agreement was one of several accords signed in Brussels yesterday during a meeting between Chinese Premier Li Keqiang and Belgian Prime Minister Charles Michel.

LARGEST MEXICAN DRILLER NEEDS MONEY
2018, October, 19, 10:40:00

NORWAY'S PETROLEUM PRODUCTION 1.6 MBD

NPD - Preliminary production figures for September 2018 show an average daily production of 1 607 000 barrels of oil, NGL and condensate, which is a decrease of 255 000 barrels per day compared to August.

All Publications »